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Tag: 2020

PM's promised energy price cap will expire in 2020

PM's promised energy price cap will expire in 2020

Business
The Prime Minister's cap on energy prices to protect households from rip-off bills will be a "temporary measure", it has been revealed.In a statement to financial markets, ministers revealed their plans to publish a draft law later on Thursday to cap energy prices for those on a standard variable tariff and other default tariffs.But the law will expire in 2020, it was disclosed."The cap would be a temporary measure, having effect initially until the end of 2020," the statement added."The need for it would be kept under review, and extensions could be made, on the advice of Ofgem, up to the end of 2023 at the latest."If passed, the proposed legislation would force regulator Ofgem to impose an "absolute cap" as soon as possible.Video:4 October - Key announcements in May's speech overshadowed...
New JLR models to be electric or hybrid from 2020

New JLR models to be electric or hybrid from 2020

Business
All new Jaguar Land Rover (JLR) vehicle lines will be electric or hybrid from 2020, the luxury carmaker has revealed.Like a growing number of its rivals, JLR has joined the electric vehicle race with plans to release for sale, in a year's time, its Jaguar I-PACE sports car now being built at production facilities in Austria.The manufacturer did not say when it would be ending production of petrol or diesel-only vehicles entirely. But after 2020, all its new models will have an electrical component.The announcement comes two months after Volvo said all its models will have an electric motor two years from now - so they will either be pure electric cars or hybrids that combine electric and conventional engines.Three weeks later, the Government confirmed plans to ban the sale of new diesel an...